Ajo LP bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,866 shares of the company’s stock, valued at approximately $6,976,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 3.5% during the first quarter. Vanguard Group Inc. now owns 16,504,950 shares of the company’s stock valued at $1,619,301,000 after buying an additional 555,260 shares during the last quarter. BlackRock Inc. increased its holdings in Royal Caribbean Cruises by 3,290.6% during the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock valued at $1,016,356,000 after buying an additional 10,053,823 shares during the last quarter. State Street Corp increased its holdings in Royal Caribbean Cruises by 3.3% during the first quarter. State Street Corp now owns 7,057,591 shares of the company’s stock valued at $692,420,000 after buying an additional 223,444 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Royal Caribbean Cruises by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,911,924 shares of the company’s stock valued at $285,711,000 after buying an additional 290,536 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Royal Caribbean Cruises by 9.2% during the first quarter. Geode Capital Management LLC now owns 1,650,590 shares of the company’s stock valued at $161,708,000 after buying an additional 139,623 shares during the last quarter. 71.60% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) cut shares of Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. Finally, UBS AG reiterated a “buy” rating and issued a $131.00 price target (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and an average target price of $118.49.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the sale, the chief executive officer now owns 967,741 shares of the company’s stock, valued at approximately $106,083,768.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Adam M. Goldstein sold 120,000 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $118.21, for a total transaction of $14,185,200.00. Following the sale, the chief operating officer now directly owns 191,252 shares in the company, valued at approximately $22,607,898.92. The disclosure for this sale can be found here. In the last three months, insiders sold 480,079 shares of company stock valued at $56,139,855. 15.30% of the stock is owned by insiders.

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 120.92 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $65.45 and a 12 month high of $125.00. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 16.96 and a beta of 1.03. The company’s 50 day moving average is $119.72 and its 200-day moving average is $108.73.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, analysts expect that Royal Caribbean Cruises Ltd. will post $7.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s payout ratio is presently 26.97%.

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Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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